Nifty & Bank Nifty future share price for 31st Jan
Nifty & Bank Nifty future share price target for 31st Jan
Nifty & Bank Nifty future share price for 31st Jan: Indian stock market opened in negative today and after a volatile session, the market closed in the red. Selling in the frontline counters were seen in the market today. This is due to the number of coronavirus cases continues to mount and this creates uncertainty for the global economy.
The Nifty future share price opened today at 12115.60, it was down by 5.95 points from the previous day’s close. It has touched an intraday high at 12117.90 and day’s low at 12006.30.
During the day the Nifty future share price has given a movement of 111.6 points. In the end, it declined 84.70 points and closed at 12036.80
The Bank Nifty future share price opened at 31280. It was opened gap up by 347.45 points from yesterday’s close. It has touched an intraday high at the same opening level at 31280 and day’s low at 30513.45.
On an intraday basis, the Bank Nifty future share price has given a movement of 766.55 points. In the end, it fell 259.5 points and closed at 30646.05
The Closing Price of Nifty future share price in February series is 12045.95 whereas the closing price of Bank Nifty Future share price in February series is 30730.
Nifty & Bank Nifty Future share price technical levels for 31st Jan
Primary in Nifty Futures: Sideways volatile
Range-Bound in Nifty Futures:
All up Moves Initiates Profit Booking (Sale) @ 12150 whereas All Down Moves Initiates Short Covering (Buy) @ 12000
If Nifty futures share price Moves Above 12076 and sustain. Then you should Buy with 1st Target of 12096 during the day with a Stop Loss of 12000 FOR the Target of 12096- 12118- 12145
If Nifty futures share price Moves Below 12000 and sustain. Then you should Sell with 1st Target of 11980 during the day with a Stop Loss of 12290. FOR the Target of 11980- 11960- 11927
Bank Nifty future share price for 31st Jan 2020
Primary Bank Nifty Trend in Futures: Volatile
Range-Bound Bank Nifty Trend in Futures:
All up Moves Initiates Profit Booking (Sale) @ 31050, whereas All Down Moves Initiates Short Covering (Buy) @ 30680
If Nifty Bank future share price Moves Above 30850 and sustains. Then you should Buy with 1st Target of 30910 during the day with a Stop Loss of 30675. FOR the Target of 30910 – 31000- 31080
If Nifty Bank future share price Moves Below 30675 and sustains. Then you should Sell with 1st Target of 30580 during the day with a Stop Loss of 30850. FOR the Target of 30580- 30515- 30450.
Conclusions:
Indian stock market was volatile today due to the monthly derivative expiry. The market was hovering around near the day’s low in the afternoon and later it extended its morning loss today. The market will remain volatile for coming two to three days on account of Union Budget on Saturday.
Traders are also advised to follow the global market and can follow our Nifty and Bank Nifty future share price levels mentioned above for 31st Jan for trading
You can also read, 10 best stocks/shares to buy now for 2020
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